| |
Nortel delays results as it fires top executive |
 | | Nortel Wednesday said it has fired its president and CEO, replacing Frank Dunn with William Owens, and has also delayed the release of its financial results for the first quarter of the year. |
| | Nortel has been involved in an ongoing independent review of the circumstances leading to the reissuing of its financial statements for 2000, 2001 and 2002 and for the first and second quarters of 2003, the company said in a statement. |
| | As a result of those investigations, Dunn was "terminated for cause," Nortel said. |
| www.networkworld.com /edge/news/2004/0428nortedelay.html (1060 words) |
